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As the PST transition deadline approaches, it’s time for businesses in B.C. to consider how the change will affect them and what they need to do to prepare for a smooth transition.
The PST will have an impact on your business whether you’re required to collect the tax, or whether your business incurs the PST on its purchases. The rules for some industries, like home builders/construction, mining, telecom and the food and beverage industries can be more complicated.
No matter what business you may be in, take the time to ask the questions below.
Don’t wait until the last minute to think about this transition. There is a lot to consider, and by doing a review in advance you could save yourself some grief in the long run.
For more information or to learn how MNP can help you manage the transition, please contact a member MNP's Indirect Tax Team.
Related Topics:PST; Indirect Tax
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